LGS

Investment Strategy

Winners of annual AIST awards named

The Australian Institute of Superannuation Trustees (AIST) has used its annual awards to highlight the strides many not-for-profit super funds are taking in the use of targeted marketing, social media and in increasing women’s super balances. At last night’s 2015 Awards for Excellence, both funds and individuals were recognised. Equip was a double winner at […]
Hedge Funds

Local Government Super divestment policy brings return

Local Government Super (LGS) has won SuperRating’s Infinity award for leadership in sustainable and responsible investment for the fourth time. The $9 billion fund now has more than $5 billion of members’ savings in sustainable and responsible investment strategies, including shares, private equity and direct property assets, the largest commitment of any super fund in […]
Hedge Funds

LGS bulks up investment committee

Local Government Super (LGS) has appointed Bev Durston and Robert Swift as its first independent investment committee members. Both were appointed after what the fund described as a “comprehensive search”. They will assist the committee in monitoring the performance of investment managers and oversee the work of the internal investment team and external asset consultant […]
Hedge Funds

LGS board rocked by nuclear fallout

A disagreement between Local Government Super (LGS) and the trade union Depa over whether to invest in nuclear energy stocks has led to the replacement of the union’s director at the fund. The decision by Depa follows the fund’s move to drop its screen on companies involved in nuclear power generation, while at the same […]
Investment Strategy

Ian Robertson resigns from LGS

Ian Robertson has resigned as director of the Local Government Super board and issued passing shots at those not pulling their weight in the industry. His last board meeting takes place on Wednesday and he will be replaced as the Development and Environmental Professionals’ Association’s nominated representative by Joanna Davison, the interim chief executive of […]
Hedge Funds

LGS increases Aussie equities risk

Local Government Super (LGS) has converted a passive mandate to an enhanced passive mandate with State Street in a move to increase its active risk. The fund has awarded the manager a $780 million active Australian equities mandate. Chief investment officer Craig Turnbull told IM online the fund is giving State Street “more scope” on […]
Investment Strategy

New chair at LGS promises more growth, ESG

New Local Government Super (LGS) chair, Bruce Miller, says the superannuation fund is focused on growth post-global financial crisis (GFC), with the board open to potential mergers and its attention fixed firmly on environmental, social and governance (ESG) investment strategies. Miller, a former Cowra Shire mayor recently elected for a two-year term, said the $7-billion […]